Fanavaran Petrochemical increases methanol production rate to 50%

SINGAPORE (ICIS)--Fanavaran Petrochemical has increased the methanol production rate at its plant in Bandar Imam Khomeini to 50%, a company source said on Monday.

The plant, which has a 1m tonne/year capacity, resumed production on 28 January, but was onlyproducing 100-200 tonnes/day to meet Iran’s domestic requirement for the chemical.

The company source added that from 16 February it has increased methanol production because of a better supply of feedstock gas.

Several Iranian suppliers have been taken off line since December because of a shortage of gas as the Iranian government mandated the prioritisation of gas use for heating purposes during the winter months.

Fanavaran Petrochemical said the weather has improved, and it hopes to resume full production by the end of this week, after resolving a technical issue at its downstream acetic acid plant.